Major indexes are higher after PCE data came in below estimates, which has helped alleviate some inflation concerns.
Portfolio Pulse from Bill Haddad
Major indexes have risen following the release of PCE data that came in below estimates, helping to alleviate some inflation concerns.
June 30, 2023 | 1:53 pm
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POSITIVE IMPACT
The Dow Jones Industrial Average ETF (DIA) may see a positive impact due to the alleviation of inflation concerns.
As an ETF that tracks the Dow Jones Industrial Average, DIA is likely to be positively impacted by the easing of inflation concerns, which can boost investor confidence and drive up stock prices.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 75
POSITIVE IMPACT
The Russell 2000 ETF (IWM) may benefit from the easing of inflation concerns.
As an ETF that tracks the Russell 2000 Index, IWM is likely to be positively impacted by the easing of inflation concerns, which can boost investor confidence and drive up stock prices.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 75
POSITIVE IMPACT
The NASDAQ 100 ETF (QQQ) may see a positive impact due to the alleviation of inflation concerns.
As an ETF that tracks the NASDAQ 100 Index, QQQ is likely to be positively impacted by the easing of inflation concerns, which can boost investor confidence and drive up stock prices.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 75
POSITIVE IMPACT
The S&P 500 ETF (SPY) may benefit from the easing of inflation concerns.
As an ETF that tracks the S&P 500 Index, SPY is likely to be positively impacted by the easing of inflation concerns, which can boost investor confidence and drive up stock prices.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 75